Denver Direct: Bailout Outrage
Thursday, March 19, 2009
Not so much in Denver, Colorado where eventually 4 people showed up to protest in front of the AIG offices at 1225 17th Street. They seemed well informed.
Update: Apparently about 60 additional people gathered at the Wells Fargo offices downtown and marched to the AIG office location where we were, as reported here. We stayed until 1:00 pm but didn’t see them.
Update 2: This post got picked up by The Huffington Post.
I often wonder what it will take to get the people of Denver riled up. Apparently $10 trillion down the rabbit hole (so far) is not enough. The inflation (hyper?) that will result is yet to come. Maybe $10 gasoline or $7 bread will do it. Maybe food shortages will get people going.
Yesterday the Federal Reserve Bank announced its plan to devote $1 trillion to the purchase of US Treasuries and to Fannie Mae and Freddy Mac. Gold jumped $60 dollars in two hours and the dollar index fell 2 full points as the market weighed in with its opinion. Now the Fed is printing money (on which we pay interest) to buy US debt (on which we pay interest).
This sure feels like a tipping point.
at 8:22 PM
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